So close, only a few days before graduation, a couple homework assignments, a couple presentations, a couple exams… inexpressible joy! The completion of years of work, more for some than others, the respect of society, the door of opportunity, but what is it really worth?
A degree from a respectable and accredited university like OSU gives you a certain potential success in our society. OSU’s propaganda puts it, “Open minds. Open doors.” In ‘Good Will Hunting’, Will makes a rather amusing but true argument that we are wasting thousands of dollars on an education that we could have realized for $1.50 in late charges at the library, the retort though, “But I will have a degree, and you’ll be serving my kids fries at a drive through on our way to a skiing trip.” A common reason why we’re pushed by everyone and motivated ourselves to come here, but when you sent your application to OSU, were you considering at all the real benefits and the real costs?
Upon receipt of a diploma, the average student will have given OSU $25,000 directly in tuition, and actually incurred $73,200 in costs. This should be considered a minimum cost as it is figured for an undergraduate, resident, 4-year program, and also doesn’t include miscellaneous items. Items that you won’t find in the OSU admissions financial aid information like: engineering fees, lab fees, honors college fees, parking passes each year, four to five parking tickets at $20-40 each, that new laptop when you started and the second one you had to get when the first one broke down Junior year, a couple trips to Shasta and maybe one to Cancun, hospital and doctors visits (cause no one ever uses Student Health Services after trying them once), gifts, dates and such with your significant other, and a slew of other things that involve just life in our society.
This means the average OSU student will have to come up with $100,000 to cover four years at this institution. Now, I had great summer jobs, but none of them came close to paying enough to balance these kinds of numbers. Many of us come from middle-class families that aren’t going to possible be able to spare $25,000 per year, or in that case even $500 per year. For the sake of argument, lets say the average student eats a lot of mac-n-cheese and top-ramen and attends a good portion of the fall and spring barbeques that occur all over campus, bringing the their total graduation debt to $50,000. A fairly manageable student debt amount (or at least that’s what everyone says).
Student loan interest rates are as random as Oregon weather but let’s take an average of 6% per year compounded monthly. When you start making payments after graduation and if you got the kind of loan that doesn’t accrue interest while you’re in school, then you’re going to be paying $358 each month for 20 years. After ten years of making payments you’re doing pretty well financially and decide to pay off your student loans, guess how much you owe? It’s not a straight forward calculation due to the time value of money, interest, inflation, etc. You would first have to make sure there’s no penalty for paying off the loan early, but assuming they haven’t done that to you, after ten years of making payments you would have paid $25,260 in interest and your remaining principle you would have to pay off is $32,300. The point is, this education is costing you a lot in strict financial terms, and will continue to cost you long into your future; but what about intrinsic cost?
Everyone experiences college with their share of good times and also plenty of moments we’d rather just forget. There are a lot of people on this campus in pain, and I don’t mean just physical. I see people every day with burdens, dark thoughts and heavy problems, the drama of life in general, the challenges of a student’s life, the loss that accompanies an attack on your spiritual foundations. It is amazing to me in just how many ways a human can experience pain, common examples that come to mind for me are personal, a sharp word at or from someone you love or a D- on a physics exam.
But even the things that I have mentioned are small and trivial in the scope of one’s life, or even in comparison to what many of you are remembering right now. How these things are dealt with, how they shape you, what you learn from them, that is what is going to define your cost and your gain from your time at OSU.
Ask yourself, what is your motivation? Why are you here? One thing I know for absolute certain, I would not have experience success and I would not have finished this degree were it not for the grace and love of my Savior, Jesus Christ. With my last few words as a columnist for this paper, if you will humor me, I would like to tell you about my motivation, why I am here, why I am writing this, and why four years of living in the library has been worth it.
There has been multiple times when I wasn’t sure if I could finish this degree. It wasn’t a matter of intelligence; it was a matter of dedication. But to be dedicated to something requires motivation, for you have to know what you’re doing and why. I have come to understand that my purpose in finishing this degree is to love my God with all my heart and all my mind. What that means in a practical sense is that Jesus will use me to share love to those around me, to be a bearer of peace in a troubled world, to be a leader in the community setting an example of what honor and respect is supposed to look like, to be a compassionate and loving husband to my wife, to be a friend to those who are rejected by society, and to not compromise and stand firm in the truth of God Almighty. I have learned to distrust the wisdom of man. I have learned that engineering involves mostly assumptions; the fundamental assumption of science is that we really don’t know anything so it’s probably going to have to change every couple of years. There is a better source, “Behold, the fear of the Lord, that is wisdom; And to depart from evil is understanding” Job 28:28. Lean on His wisdom and you will not falter.
Without accepting Jesus’ offer we are incapable of rendering ourselves pure in the eyes of a Just and Holy God. By dying on the cross, Jesus took the punishment for what we have done wrong in our place; Jesus offers to make us blameless in God’s eyes! That is so incredible, and it is so simple. All you have to do is believe in your heart that God raised Jesus from the dead and confess with your mouth that He is Lord, and you will be saved (Romans 10:9). This is why I have written for the Liberty, that you could know the amazing, unconditional gift that Jesus offers to you by his death on the cross. I consider this degree worthless and I consider my time spent here a waste; “I consider my life worth nothing to me, if only I may finish the race and complete the task the Lord Jesus has given me – the task of testifying to the gospel of God’s grace” Acts 20:24. What is your answer? What is the purpose of your life?